Kenya eyes mega IMF loan disbursement by December

imf International Monetary Fund headquarters washington dc

The International Monetary Fund logo.

Photo credit: AFP

Kenya expects to receive a sizeable loan disbursement from the International Monetary Fund (IMF) by the end of the year following ongoing talks with the multilateral lender to combine the delayed seventh and eighth reviews of its cash support programme for Nairobi.

The twin disbursements could see Kenya receive the bulk of KSh126 billion ($976 million) in total remaining access from the programme which lapses in April next year.